The Blockchain Group, Europe’s pioneering Bitcoin treasury reserve firm, has secured shareholder approval to raise over €10 billion for strategic Bitcoin acquisitions.
The approval, granted by shareholders representing 39% of voting rights, authorizes the board to issue equity or alternative securities and access public and private capital markets without pre-emptive subscription rights.
CEO Jean-Philippe Casadepax-Soulet stated the capital increase will accelerate the company’s Bitcoin treasury strategy and boost BTC holdings per share.
Alexandre Laizet has been appointed Deputy CEO with oversight of Bitcoin strategy for a six-year term.
This authorization significantly exceeds the company’s previously announced €300 million At-The-Market (ATM) issuance facility with asset manager TOBAM.
The company’s current market capitalization stands at approximately €498 million, underscoring substantial growth potential within the crypto asset management sector.